Oracle Corporation (ORCL) is trading near $280.97, down approximately 3.64 percent from the prior close. The stock has experienced intraday volatility, with a high of $293.60 and a low of $272.84.
Oracle's recent first quarter 2026 results showed revenue of $14.9 billion, up 12 percent year-over-year, with cloud revenue growing 28 percent. The company's Remaining Performance Obligations (RPO) jumped 359 percent to $455 billion, signaling a large backlog of contracted future revenue.
However, while adjusted earnings per share rose 6 percent to $1.47, GAAP earnings dipped 2 percent to $1.01 per share. Oracle is also planning sizable capital expenditures, or CapEx, to scale out AI and cloud infrastructure, a move that could pressure short-term profitability and cash flow.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.